The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
£20k into this already Strongman, this is my max limit on any one AIM share at any one time so wont be buying any more at the moment.
Appreciate your enthusiasm keep it up. The only thing I will add is that I will continue to hold for the foreseeable, I still believe, even though I am a bit peeved.
With the greatest of respect having held this share prior to the fund raise RNS I am not happy with the way the BOD have handled this. They had better redeem themselves with oil shows as they have not acted in the best interest of shareholders raising the funds when they did and how they did it.
If they had the decency to explain the extra costs incurred in moving the rig and I suspect the slow drilling, they are only 660m down for feck's sake when drilling resumed when they should have been deeper, maybe I would feel happier.
and its just not the shorts. Something else is going on that we are not privy too in my opinion. Almost sold out last week but decided to wait for the fireworks RNS to confirm drilling started. Waste of space. Management are a bunch of idiots, they told them not to short anymore and they apparently have not but it feels like their army of shorters are doing the dirty work for them for the next conversion for that extra £250k.
Why have they not told us specifically what the fund raise was for. Why do I have to second guess.
If they hit oil no doubt we will see a bounce as most shares rebound having been mullered for this long, but nothing surprises me anymore with this lot.
Averaged down to 7.6p and I still feel very nervous.
Cash use the other board to ask questions about the other share. The COS success on the MATD drill was shite, whereas the COS success on our first drill zones are 90%.
you forward selling chaps and toe the management line. Remember we have been told you will not be detrimental to the share price. So can you please stop forward selling and let the share price rebound a little, you have made enough profit on the suspended drilling delay LOL
Right assuming they play nicely before the day is out we should see a blue blue day finish and massive RNS Monday that will send us shooting back up to pre funding RNS at least.
GLA
Its because of the greedy fund raising shorting gits forward selling the stock. Our glorious management sold us out to raise a measly 1m quid because they along with the drilling company fooked it up and they need funds to continue the hole to glory (the glory hole) LOL.
If as fatboy slim and the other Director the boy David are suggesting the drill will be spinning over the wend why oh why are we not flying today. Its because they are still forward selling thats why!!!!!!!!!
All in my own opinion. LOL
I noticed you had got back in the other day Jones at least you have a low entry point this time round!
Right I am off to the pub for a few beers to drown out my negative thoughts.
If we are to believe what others are saying then no RNS on drilling until Monday. If this is true then surely the share price will go through the roof tomorrow in anticipation LOL
they have forward sold, no other explanation for the drop. So much for David's re-assurance that they will not compromise the share price and for him to say they are not forward selling. All a load of bollocks in my own opinion.
The silence from the board makes it worse in my book as they know that silence along with daily drops will only benefit their payday lender and not the shareholders.
Those who sold on the way down and posted losses have been mugged if they put out the RNS after the conversion is granted which I suspect will be the next RNS followed by RNS to say they have hit oil. Just read through the presentation again for a reality check and the investment still has the potential it had when I put in my first load of money. Thinking about this rationally its being played and it was obvious this was going to happen as soon as that RNS landed to say they have drawn down the funds, I should have sold out then, I was tempted, and I normally do sell in situations like this but the lure of the imminent drilling kept me hooked.
Lets see what joys tomorrow brigs.
GLA
will have to wait on their payday. Share price needs to climb 320% from here for them to get any extra gravy.
Really pissed off at the new low, went out for an hour because I knew I would have sold on the drop in the last hour.
Lets see what tomorrow brings, if no RNS and no buying to suggest drill will be spinning by the weekend I will be even more pissed off.
Watch out for £20k sale by mid-day if price keeps drifting LOL
I would rather say hello 10p.
Next few days crucial!
AIM Directors are there to line their own pockets and most of them don't give a flying hoot about shareholders. Been invested in AIM companies for a long time and I personally don't believe a word that comes out of any of their mouths, this has been proved over and over again so I will take what David says without an RNS with a pinch of salt. If they are that close to re-drilling the share price would be moving North by now as their mates would be pilling in, just the same as the price dropped 2 days before they RNS drill suspension. The fact that the price is still dropping is my concern. Obviously I don't want the share price to keep tanking as I am fully loaded up to my limit on an AIM share, but I am hovering over the sell button. Still in profit from previous AAOG trade but getting close to bailing.
that the price keeps falling on sustained selling considering good news alleged to be just around the corner. Got £20k invested in this lot and sitting on a 15% ish loss, which I guess is not as bad as some peeps. Only just averaged down the other day but I have had my finger on the sell button a few times in the last hour but held off. It looks a good price but I thought that a few weeks back when it was 9.5p just before the sell off then the news on drill was announced then the drawdown, what else could there be, surely all the bad news out of the way. Can there really be anything else that these gits have held back and those in the know are selling ahead of another shit RNS. I hope not!!!
where is the bleeding news. I think I could have organised the spare parts quicker than these lot. It must be nearly 2 weeks since the drill stopped turning. Just hope the Friday RNS if it drops is not a typical crap Friday RNS but one that puts a rocket up the share price. The silence is deafening.
Considering Sefton was happy to blow his own trumpet regarding the time it took to move the rig site, the spare part fiasco although no doubt out of his control is not covering him or the company in glory.
Get your finger out of your preverbal Sefton and issue a nice intraday RNS, pretty please LOL
the knockers come out in force even though they are apparently not invested. All we can do is average down if you are in it for the drill results. Me I am confident with the COS with the first two drill zones so fully loaded up and managed to get my average down to 7.6 ( below the fund raising conversion price of 8.25 so I am very happy to be in this position). Timing is everything and I wish I had waited until now to buy as does everyone else who is invested.
The Directors are responding to requests to confer that the drill will be turning shortly. When that RNS lands it surely must give a boast to the share price, therefore the herd will arrive shortly to pick up shares at these low prices because they know this can gain 20% to 30% without that much buying pressure from this low level.
Each to their own but I for one am confident I will make a healthy return on my investment in the short term.
I purchased this morning too, but its getting weary not having any update. Anyone buying in at this level could potentially bag in a matter of weeks if they hit oil on R1/R2 and Mengo.
Sefton for an explanation. He must know he has pissed off shareholders.
The share price has been savaged since the drilling stopped and with no update we are getting shafted.
What do you care Jones about AAOG you said you sold out the other week and bought in to that share that is currently tanking.
Buy back in here you know the low price makes sense LOL
FFS when will they issue an update on drilling.
Was that big sell on Friday associated with the drawdown.
Got a feeling in my bones that we are going to get an RNS in the next few days stating drilling has started and a comment on compensation from drilling contractor. Followed by another swift RNS re R1/R2.
Added another 100,000 this morning to average down.
could'nt this morning when I tried. Grabbed another 12k in dribs. Yeehaa bring it on.
Mengo is a known discovery. When it was discovered they did not have the tech to get it out of the ground. They are already producing from R1/R2. Do your research before you state your stupid facts LOL